Basing Point Pricing and Public Policy

Carl Kaysen

The Quarterly Journal of Economics, 1949, vol. 63, issue 3, 289-314

Abstract: I. Introduction: the nature of the problem, 289; alternative pricing systems, 292; standards of public policy, 293. — II. Pricing practices and the level and flexibility of margins, 294; and the level of costs, 297. — III. Pricing practices and the long run adaptation of capacity to demand, 300; the location of producers, 304; and the allocation of transport resources, 305. — IV. Pricing practices and capacity in relation to cyclical fluctuations in demand, 306; and the organization of the industry, 309. — V. Summary and conclusions, 313.

Date: 1949
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